USDJPY: Further bullish price extension is now underway following the pair’s higher close on Monday. Resistance resides at the 102.79 level where a break will target the 102.79 level. Further out, resistance resides at the 103.01 level where a violation will aim at the 103.38 level and possibly higher towards the 104.12 level. On the downside, support comes in at the 101.00 level where a break if seen will aim at the 100.72 followed by the 100.50 and then the 100.00 level. Further down, support stands at the 99.50 level. On the whole, USDJPY remains exposed to the upside short term.
USDJPY: Builds Up On Its Strength
USDJPY: Further bullish price extension is now underway following the pair’s higher close on Monday. Resistance resides at the 102.79 level where a break will target the 102.79 level. Further out, resistance resides at the 103.01 level where a violation will aim at the 103.38 level and possibly higher towards the 104.12 level. On the downside, support comes in at the 101.00 level where a break if seen will aim at the 100.72 followed by the 100.50 and then the 100.00 level. Further down, support stands at the 99.50 level. On the whole, USDJPY remains exposed to the upside short term.
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